Insider Selling: Lindblad Expeditions (NASDAQ:LIND) Director Sells $2,863,215.00 in Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 83,500 shares of Lindblad Expeditions stock in a transaction on Monday, October 19th. The shares were sold at an average price of $34.29, for a total value of $2,863,215.00. Following the completion of the transaction, the director owned 10,524,517 shares of the company’s stock, valued at approximately $360,885,687.93. The trade was a 0.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Sven-Olof Lindblad also recently made the following trade(s):

• On Friday, October 16th, Sven-Olof Lindblad sold 79,185 shares of Lindblad Expeditions stock. The stock was sold at an average price of $34.74, for a total value of $2,750,886.90.

Lindblad Expeditions Stock Performance

Shares of LIND stock opened at $36.19 on Thursday. The stock’s fifty day moving average is $30.73 and its 200-day moving average is $26.31. The stock has a market capitalization of $2.37 billion, a PE ratio of -95.24 and a beta of 2.24. Lindblad Expeditions has a 52 week low of $11.37 and a 52 week high of $36.97.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.08. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%. The business had revenue of $199.25 million during the quarter, compared to analysts’ expectations of $185.86 million. As a group, analysts forecast that Lindblad Expeditions will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of Lindblad Expeditions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new stake in shares of Lindblad Expeditions during the second quarter worth approximately $25,000. Allworth Financial LP acquired a new position in Lindblad Expeditions in the second quarter valued at approximately $38,000. GAMMA Investing LLC boosted its stake in Lindblad Expeditions by 35.3% in the third quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock valued at $39,000 after acquiring an additional 326 shares during the last quarter. Silvant Capital Management LLC bought a new position in Lindblad Expeditions in the second quarter valued at approximately $58,000. Finally, Assetmark Inc. boosted its stake in Lindblad Expeditions by 77.0% in the first quarter. Assetmark Inc. now owns 5,455 shares of the company’s stock valued at $94,000 after acquiring an additional 2,373 shares during the last quarter. 75.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on LIND shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, October 15th. Texas Capital lowered shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Stifel Nicolaus set a $37.00 price objective on shares of Lindblad Expeditions in a research report on Tuesday, August 4th. Zacks Research upgraded shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Finally, Capital One Financial set a $31.00 price objective on Lindblad Expeditions in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc (NASDAQ:LIND) operates expedition cruises and adventure travel experiences focused on nature, culture and education. Through its Lindblad Expeditions brand, the company provides small-ship voyages designed to take travelers to remote destinations while emphasizing exploration, conservation and expert-led interpretation.

The company’s offerings include ocean and river expeditions, wildlife-focused voyages, cultural journeys and land-based adventures. Trips commonly feature naturalists, historians, photographers and other specialists, along with activities such as shore excursions, hiking, kayaking, snorkeling and wildlife observation.